Homeowners Overestimate Home Value as much as 150%

If you’re considering selling your home, you’re probably wondering how much it has appreciated since you bought it. According to a survey conducted by Rocket Homes, which polled 2,058 homeowners, if you were to guess, the accuracy of that guess probably depends on how long you’ve owned your home. (Learn more about the survey’s methodology.) […]

Homeowners are Becoming More Accurate at Predicting Home Value

We’ve been reporting on the discrepancy between what homeowners believe their home is worth and actual market value for several years. During that time the trend of homeowners overestimating their home’s value held steady, as it had been doing for years. According to a June 2020 article published in the Journal of Housing Economics, “… […]

Top 4 Free Home Value Estimates to Check, Before Selling a Home

Curious about your home’s value in a fluctuating Portland real estate market? I get it. Licensed since 2003, I’ve seen the ups and downs of Portland real estate pricing. In fact, I keep a category of this site dedicated to home value articles of interest and create greater Portland metro real estate reports – monthly. […]

Is the Zillow Zestimate® Accurate? 2023 Update

These days, anyone interested in selling or buying a home is familiar with the home search engine Zillow and the proprietary Zestimate® formula it uses to place an estimated value on a property. Many times people will be motivated to make decisions about selling their home based on the Zestimate® they discover online. Or buyers […]

Portland Home Value Estimate, Realtor Vs. Online

Updated 05/2023. The real estate market is shifting fast in Portland, Oregon and around the country. We’ve got your latest month by month report on the Portland market here. If you’re looking for tips on remodeling to improve your home value before going to market, we’ve got that too. You Can’t Trust Online Home Value […]

Is the Zillow Zestimate Accurate? 2022 Update

If your look up your home’s value on Zillow’s valuation tool, Zestimate®, you may feel strongly impacted by the price that comes up. It may not be accurate, though. Zillow even says so on their site. So, why is that? And what good is it if you can’t count on it to give you an […]

Is the Zillow Zestimate Accurate? 2021 Update

We’ve all been there: you get that email from Zillow telling you how much more your home is worth than what you paid for it even a few short years ago. It’s an enticing idea, to think your house has gained so much equity, and that you could profit off of that. And Zillow’s Zestimate […]

Home Value Estimates – Online vs. Realtor

Online Home Value Estimates are Fast and Hassle Free There is no reason not check your home value online on occasion. In most cases the online value will be in the general range of its real estate market value. However, when you’re getting ready to sell, say anytime in the 12 months prior, you should […]

Portland Home’s Values Higher than Owners Think – 2020 Report

The common perception of home sellers is that they are al too attached to their homes, and always overestimate value. This is not true! Sellers actually both over-value and under-value their homes depending on market conditions. When the real estate market is stable, sellers tend to estimate their homes value fairly accurately. When the market […]

Is the Zillow Zestimate Accurate? 2020 Update

Anyone buying or selling a home in 2020 will frequently come across Zillow’s listing platform and the home-value estimation tool it uses: The Zestimate. Most take the Zestimate as a semi-accurate prediction of the home’s final sales price. But how often is that true? And what goes into creating the Zestimate? Off by $20,000 to […]

Home Sales Price vs. Seller’s Home Value Estimate – 8%

One of the biggest selling mistakes a Portland homeowner can make is pricing their home incorrectly when it first goes on the real estate market. Unfortunately, it’s a mistake that happens all the time because there’s no perfect formula for pricing a home.  Home Owners Overvalue by 8%. According to the Journal of Housing Economics […]

Portland Home Value Estimate – 2019 Update

Curious about your Portland home value estimate? The Portland real estate market has been up and down for the last few years with some housing segments increasing in value and others decreasing. So it is important to know what your best sources of information are for finding your home value. 3 Ways to Find your […]

Get My Portland Home Value Estimate

With a lot of things in life, there is the easy way and there is the hard way. The Easy Way to a Home Value Estimate With home value estimates the easy way is to visit a long list of websites providing you with computer generated values. Zillow and Redfin tend to be the top […]

Real Estate Agents vs. Zestimates

Have you ever wondered where the home price estimates you see on Zillow, Trulia, Redfin, and others come from? Specifically – who decides how much a home is worth, and are they right? Robots. Computers that can only see numbers. Computers that crunch sq. ft. average values, lot size average values, garage size, bathroom count, […]

Zillow Zestimates, are they accurate?

These days many folks check out their home online, or a property they are looking to purchase, to find an estimate of value. Zillow provides these national in a format they copyrighted and call Zestimates. If you read the Zillow forums on Zestimates you’ll find a lot of angry home owners disputing the value. Recently […]